Macquarie Bank has sold 80 lakh shares of Infrastructure Development Finance Company (IDFC) through an open market transaction. The bank has sold the shares for Rs 127.55 a piece valuing the deal at Rs 102 crore.
Macquarie Bank held more than 1.97 crore shares or 1.31% stake in the company, as of at the end of 2012 March quarter.
IDFC’s core business is to provide debt finance for infrastructure projects. The company provides financial assistance to various segments such as power, roads, ports, telecommunications, Information Technology, Urban Infrastructure, Health care, education Infrastructure, food and agri business infrastructure, health care and tourism.
Company Name | CMP |
---|---|
Bajaj Finance | 7340.75 |
Shriram Finance | 2732.05 |
Aditya Birla Capital | 239.95 |
SBI Cards AndPayment | 728.10 |
L&T Finance | 181.85 |
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